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Leading international law firm Clifford Chance has advised Prosafe SE, the world's premier owner and operator of marine vessels listed in Oslo, on the successful restructuring of its US$1.6 billion facilities and a NOK 2.5 billion bond debt (US$278 million). Under the restructuring, Prosafe will swap US$1.1 billion of debt for 99% of Prosafe SE’s equity, reinstate US$250 million of a US$1 billion credit facility and US$93 million of a smaller facility. All other remaining debt maturities are set to be extended to December 2025.

Vanished: The missing people of New Zealand 16 Jan, 2021 04:00 PM 11 minutes to read Tim Wallis' family have spent more than 10 years wondering what happened to him. Wallis — born Timothy Lees — was last seen by his family in Dunedin on August 6, 2010. He'd been in a bit of trouble with police and was doing community work. His brother saw him there that morning but Wallis skipped out on the afternoon work and was never seen again. In the years that followed, Wallis' two sisters died — both took their own lives — and his father passed away. Tim Wallis aks Lees. Photo ...